“Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term,” Cameron Winklevoss said during the pair’s Reddit Ask Me Anything session Monday.

His brother was no less enthusiastic.

“Our thesis around bitcoin’s upside remains unchanged,” he said discussing their position on cryptocurrency since their last Reddit appearance in 2015.

We believe bitcoin is better at being gold than gold. If we’re right, then over time the market cap of bitcoin will surpass the (approximately 7 trillion) dollar market cap of gold.

By that calculation, given the presumed eventual total Bitcoin supply, a single bitcoin would ultimately be worth $333,333.

Mayer: ‘No Capital Allocated To Bitcoin’… Yet

The bitcoin price has so far failed to produce wildly bullish behavior in 2019. Continuing to hover around $4000, commentators generally accept that further downside could preclude a fresh run-up to any new highs.

Mayer, whose Proof of Keys event aimed to make users take back control of their funds from third parties last week, is now eyeing the potential investment levels from fiat sources. These, he says, are “legendary.”

“Essentially no capital allocated to (Bitcoin) or crypto-currencies,” he wrote on Twitter Monday.

As Bitcoinist reported, Q1 this year is set to see the entry of the first major institutional investor cash into Bitcoin. Later this month, regulated trading “ecosystem” Bakkt should begin offering physical Bitcoin futures, while players such as Nasdaq are also forthcoming.

What do you think about the Winklevoss twins and Trace Mayer’s perspectives on Bitcoin? Let us know in the comments below.

I am a believer of the HODL philosophy because we are still in the nascent stage of blockchain technology. Although we are in a bear market now, my outlook on the adoption and growth of blockchain solutions remains unchanged. Blockchain transactions has been growing exponentially and demand for cryptocurrency like Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Litecoin [LTC] and other Altcoins will only continue to grow exponentially in the next five to ten years.

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